Mamata and Priyanka hit out at Modi govt on 3yrs of demonetisation
It's been three years since the demonetisation act was imparted in the country. The BJP government, all of a sudden, imposed this rule which was in the favour of India's growth.
Lucknow: It's been three years since the demonetisation act was imparted in the country. The BJP government, all of a sudden, imposed this rule which was in the favour of India's growth.
It was believed to eradicate all the black money in the country, make it digital and enhance the GDP.
However, this had, in turn, had negative impact on the country's economy.
Several political leaders, targetted the government, and claimed that this decision would ruin the live's of millions.
West Bengal Chief Minister Mamata Banerjee said that the Centre's move to demonetise high- value currency notes on this day in 2016 was a futile exercise which had a negative impact on the country's economy.
Banerjee, on the third anniversary of note ban, asserted that she knew from the very beginning that the decision would ruin millions of lives.
"Today is the third anniversary of #DeMonetisationDisaster. Within minutes of announcement, I had said that it will ruin the economy and the lives of millions. Renowned economists, common people & all experts now agree. Figures from RBI have also shown it was a futile exercise," the chief minister tweeted.
"Economic disaster started on that day and look where it has reached now. Banks stressed, economy in a complete slump. All affected. From farmers to the young generation to workers to traders, housewives... everyone is affected," she added.
Banerjee, during her campaign for the Lok Sabha elections, earlier this year, had promised to conduct an investigation into the demonetisation drive.
On the first anniversary of note ban, she had turned her Twitter display picture black in protest.
On several occasions, the Trinamool Congress supremo alleged that the Narendra Modi government's move was a "big scam" which benefited only a handful of people.
Prime Minister Narendra Modi, in a televised address on November 8, 2016, had announced to the nation that Rs 500 and Rs 1,000 currency notes -- 86 per cent of all currency notes in circulation in value -- would cease to be legal tender. Modi had said that the decision was taken to crack down on black money, terror funding and corruption.
Congress leader Priyanka Gandhi Vadra also hit out at the Modi government for claiming that demonetisation was a "slayer of all evils", saying it proved to be a "disaster" that has all but destroyed the economy.
Her attack on the government came on the third anniversary of demonetisation.
On November 8, 2016, Prime Minister Narendra Modi announced to the nation that Rs 500 and Rs 1,000 currency notes would cease to be a legal tender.
"3 years since Demonetisation and every claim made by the government and those hailing it as a slayer of all evils has been turned on its head. It proved to be a disaster that has all but destroyed our economy," Priyanka Gandhi said in a tweet.
"Anyone want to claim responsibility?" the Congress general secretary said, using the hashtag 'DeMonetisation Disaster'.
However, depsite of having various negative aspects, this note ban act was one of the greatest step taken by the government in the history of India.